Nicaragua: Transfer Prices Come Into Effect

Although the rules started to be applied on July 1, a regulation has not yet been defined and approved to regulate the way in which the declarations will be made.

Tuesday, July 4, 2017

The business sector is working on a proposal for a regulation to be agreed with the government, and once it is ready, companies can start making statements. 

"..."We are working on the revision of the proposed regulation, we are in that situation at the moment, effectively it will come into force, but remember that it is not as if tomorrow companies have to go and make a presentation of the results related to this issue," said Aguerri. reports that "...The main purpose of Transfer Pricing is to ensure that operations, as well as free acquisitions or transfers, will be valued in accordance with the principle of free competition between transnational corporations operating in Nicaragua and their local counterparts which could affect the determination of taxable income in the fiscal period in which the transaction is carried out."

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More on this topic

Nicaragua: Return of Transfer Prices

June 2017

Starting from June 30, the rules that oblige companies to report transfer prices are scheduled to come into effect.

At the beginning of last year, the date of entry into force of Chapter V of the Tax Concertation Law was postponed, after the business sector stated that it was not prepared to start complying with the rule.

SAT Asks for Transfer Pricing Study

October 2015

Legislation on the obligation to submit transfer pricing studies is beginning to be applied in concrete by the Tax Authority.

In his article on, Mario Coyoy describes the requirements for taxpayers being developed by the SAT:

/ ...
1. Sufficient information and analysis (Study on Transfer Pricing) to demonstrate and justify the correct pricing, the amount of the consideration or profit margins in transactions with related parties abroad.

Transfer Price and Comparable Transactions

April 2013

Two or more operations may be comparable as long as there is no economic difference between them that can affect the price of a good or service.

Jose Molina Calderon's article in reports that "for the purposes of determining a price or amount that can be agreed between independent parties in comparable transactions in conditions of free competition as referred to in Chapter VI of the Tax Update Law (LAT by its initials in Spanish), comparing the conditions of transactions between related persons other comparable transactions between independent parties.

Panama: Transfer Pricing Forum

February 2013

Analysis of the new requirement by the Department of Revenue, which requires taxpayers to report transactions with related companies.

A statement from the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) reads:

Wednesday 27 February
The Center for Economic Studies at the Chamber of Commerce, Industries and Agriculture of Panama will hold a Forum on Transfer Pricing Reports: Analysis and Impact

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